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Tuesday, October 18, 2011

HUD to Fla.: $160.6M in housing assistance

HUD to Fla.: $160.6M in housing assistance

MIAMI – Oct. 18, 2011 – The U.S. Department of Housing and Urban Development (HUD) today announced that Florida will receive $160,638,782 to support community development and produce more affordable housing.

HUD’s annual funding also helps individuals and families living on the street and provides permanent housing for individuals with HIV/AIDS.

The Fiscal Year 2011 Continuing Resolution – which impacts money for the 2012 year – significantly reduced overall funding for the Community Development Block Grant (CDBG) and HOME Investment Partnerships (HOME) programs compared to last year. The nation’s CDBG funding was reduced by more than $600 million, or approximately 16.5 percent, while the HOME program funding was reduced by more than $200 million, or approximately 11.7 percent.

“This year’s block grant funding requires tough choices that we would not have made in better circumstances,” HUD Secretary Shaun Donovan said. “As we work under the challenges of our nation’s deficit, we must also understand that these programs are absolutely essential in promoting community development, producing affordable housing, helping our homeless and even supporting long-term disaster recovery.”

Community Development Block Grant (CDBG) Program
CDBG largely targets affordable housing rehabilitation and the improvement of public facilities, although the program is also a catalyst for job growth and business opportunities. Annual CDBG funds are distributed to communities according to a statutory formula based on a community’s population, poverty, age of its housing stock, and extent of overcrowding.

HOME (HOME Investment Partnerships Program)
HOME is the largest federal block grant to state and local governments, designed exclusively to produce affordable housing for low-income families.

Emergency Shelter Grants (ESG)
ESG provides basic shelter for the homeless along with support services. ESG also provides short-term homeless prevention assistance to persons at imminent risk of losing their own housing due to eviction, foreclosure or utility shutoffs.

Housing Opportunities for Persons with AIDS (HOPWA)
HOPWA is distributed to states and cities based on the number of AIDS cases reported to the Centers for Disease Control and Prevention.

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About

Welcome to Sunset Realty Group!!!
We are a fast growing, young real estate firm located in South Beach with areas of expertise in Miami Beach, Downtown, Brickell, Biscayne Corridor, Midtown, Coconut Grove, Coral Gables, and Key Biscayne. We specialize in both, sales and rentals. Residential and commercial.
Sunset Realty Group is focused on building a solid client base, and intends to reach this objective with uniquely dedicated, competent, and zealous client representation.
At the same time, we are building a diverse and talented team of top realtors who all are active, motivated, and share our philosophy and approach to doing business. Our international team can assist its clientele in multiple languages including English, Spanish, Portuguese, German, Italian, French, Russian, Yugoslavian, and Bulgarian...
We are determined to take real estate services to another level and represent our clients 110%.
Over time, I have realized that by representing our clients’ best interests, we indirectly also represent ours. Or to put it differently, “If our clients win, we win!” We believe that it is the reputation of a business that determines its rise or fall…

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About Me

Rafael Velasquez, J.D. is President/Broker of the Sunset Realty Group of Southern Florida, LLC. After living 5 years in Lima, Peru and 15 years in Berlin, Germany, Rafael decided in 1993 to continue his studies in Florida. In 1996, he obtained his Bachelor of Arts in Political Science from Florida Atlantic University in Boca Raton, and thereafter began law school at the University of Florida, College of Law in Gainesville. After his graduation in 1999, Rafael moved to Los Angeles, California, where he practiced civil litigation law until 2001, when he decided to move back to Miami. He has been a Miami Beach resident ever since.
Rafael is also licensed as a Florida real estate instructor.
He is fluent in English, German, Spanish, and Portuguese.

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